Locally-based real estate investment manager, Amstar has partnered with Allied Orion Holdings, a Texas- and Colorado-based apartment developer, and recently announced it will start construction on a 332-unit apartment project in the Highlands/Jefferson Park neighborhood of Denver, Colorado. The project, dubbed 2785 Speer is scheduled to break ground this month and is expected to be completed in the spring of 2015.

Locally based real estate investment manager Amstar has partnered with Allied Orion Holdings, a Texas- and Colorado-based apartment developer, and announced it will start construction on a 332-unit apartment project in the Highlands/Jefferson Park neighborhood of Denver. The project, dubbed 2785 Speer, is scheduled to break ground this month and expected to be completed in the spring of 2015.

“We are excited about the opportunity to partner with Allied and build a Class A apartment community to fill the growing demand for housing in the highly desirable Highlands/Jefferson Park neighborhood,” said Kim Sperry, managing director at Amstar. “The community will be unique, with unparalleled views and amenities.”

He added: “The location is unmatched as it provides quick access to I-25 and I-70, and it is also within walking distance or a short bike ride to restaurants, nightlife, and entertainment centers in the Highlands and Downtown.”

The developer of the project will be Lauren Brockman of Allied Orion Holdings, while Martines Palmeiro Constructions will act as general contractor. Orion Real Estate Services will serve as the property manager of the completed community.

The new five-story project will offer numerous floor plans including studios, one-, two- and three-bedroom units. Residents will benefit from various amenities such as a swimming pool, spa, dog run, bocce ball court, bike workshop and outdoor entertainment deck.

The apartment project will also feature around 10,800 square feet of retail space on the ground floor on Speer Boulevard. The retail space is planned to include at least one restaurant that will offer outdoor patio seating along Bryant Street. The buildings are designed to achieve LEED certification.